Further Details
FINANCE FOR NON-FINANCIAL MANAGERS - Better Business Understanding
About the Workshop
All managers need to be aware of the financial factors vital to business success. This workshop will show how money works in a business and will highlight the critical issues of profitability, liquidity and financial structure. Delegates will gain an understanding of the processes and principles of financial reporting together with how to budget and control costs.
Understanding the financial point of view and the mindset of their financial colleagues will be a theme of the workshop and will enable delegates to communicate more effectively with their financial colleagues. Delegates will see how their actions influence company results.
By The End Of The Workshop Participants Will Be Able To:
Understand financial records and processes; and the role and the limitations of company financial reports
Recognise the financial pitfalls of business and understand how profitability can be improved
Demystify finance and financial jargon to facilitate communication with the financial function
Make better business judgements through better appreciation of the financial implications
Workshop Overview:
The Wider Financial Context
- statutory accounts
- auditors
- company law
- the responsibilities of Directors
Breaking Through the Barriers Caused by Financial Jargon
- introduction to the principles of accounts
P&L and Balance Sheet Statements
- how they are derived
- their content and interpretation.
Cash Flow and Working Capital Control
Measuring Business Performance through Key Financial Ratios
Fixed and Variable Costs
- calculating the break-even point
- the implications of different company cost structures
- business models
Management Accounts
- product and customer profitability statements
- derivation and interpretation
Identifying and Controlling Costs
- the concept of activity based costing
The Budgeting Process
- effective budgeting
Overview of investment appraisal methods and of the assessment of financial risk
Guide price
£725 |
